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    0 Replies Latest reply on Nov 20, 2008 2:06 PM by blackpearl

    Does LLC pay social security and medicare on profits?

    blackpearl Newbie
      Hi All,

      I have started two member LLC( I and my wife) and I see lot of discussions on LLC vs S-Corp but still I had this question unsure of. Does LLC needs to pay Social Secuirty and Medicare on Profits? If Yes, how to avoid that? Can I file LLC to be taxed as S-Corp?

      Thanks for all the help!

      Black Pearl